Investment Overview

Marcus & Millichap is pleased to offer for sale approximately 30 acres in the heart of the Texas Hill Country and consists of 120 fully entitled, build-ready residential lots designed for cottage homes ranging from 519 to 1,282 square feet. All horizontal infrastructure improvements have been completed, substantially reducing development risk and allowing a new owner to focus on vertical construction and community activation. Ten lots have already been sold, leaving 110 remaining lots available for sale, with projected average lot sales of approximately $284,000 per lot. A lot sale marketing program is in place. Each homesite has been thoughtfully planned for one of four distinct cottage floor plans, creating a cohesive architectural aesthetic while offering buyers multiple housing options. The community has been designed to deliver a resort-inspired lifestyle centered around an impressive amenity package. Planned amenities include a clubhouse with a state-of-the-art fitness center, an outdoor entertainment pavilion featuring a full-service bar, grilling stations, fireplaces, and lounge seating, a resort-style swimming pool with a lazy river, dedicated dog park, sport courts, and property-wide Wi-Fi connectivity. Together, these amenities are intended to create a premier residential destination that appeals to both primary homeowners and second-home buyers seeking an upscale Hill Country retreat. With the most challenging phases of development already complete, the project offers a compelling opportunity for an investor or developer to capitalize on significant value creation. Remaining development is primarily limited to construction of the clubhouse and community amenities, with estimated remaining costs of approximately $3 million before completion and sellout. Strategically positioned along the renowned Highway 290 Wine Corridor, the property benefits from one of Texas' fastest-growing tourism and lifestyle destinations. The community is located approximately nine miles from Johnson City and 19 miles from Fredericksburg, providing convenient access to award-winning wineries, breweries, restaurants, boutique shopping, art galleries, outdoor recreation, and year-round events that continue to attract visitors and new residents to the region. The location offers residents the tranquility of the Texas Hill Country while remaining within easy reach of two of the area's most desirable destinations. While the opportunity is well-positioned for long-term success, prospective buyers should consider several factors. Current macroeconomic conditions have tempered investor sentiment and discretionary consumer spending, which may influence absorption rates in the near term. In addition, the community is served by private well water and individual septic systems rather than municipal utilities, and its location approximately 19 miles from Fredericksburg may be viewed as less convenient for buyers seeking immediate proximity to the city's downtown amenities. Nevertheless, the project's advanced stage of development, premium amenity plan, and location with high barrier to entry along the Highway 290 corridor present a unique opportunity to acquire a largely de-risked residential development in one of the Texas Hill Country's most sought-after markets.